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Felix
Felix is grateful for UGAFODE because it has taken him so far. It was from this institution that his father, a longtime client, borrowed the money to pay Felix's university tuition. Felix now has a job and is reciprocating by paying tuition for his siblings. He is also building a house where he will live with his elderly father since he lost his mother years ago. Some of his siblings will also live in the house to reduce the cost of living in the city. He is a hardworking young man who is grateful for UGAFODE for partnering with his father to educate him and his sibling and for helping him to build a home.

Additional Information

More information about this loan

This loan is part of UGAFODE”s Micro Mortgage Loan program.  Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation.  By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements.  UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Uganda

  • $1,500
    Average annual income
  • 337
    View loans »
    Uganda Loans Fundraising
  • $29,751,150
    Funds lent in using Kiva
  • 2,655.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Felix to buy cement, doors, and windows to complete his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Dec 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014